On June 25, 2008, JHT Holdings, Inc., a Kenosha, Wisconsinbased package delivery service company, filed for bankruptcy.

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On June 25, 2008, JHT Holdings, Inc., a Kenosha, Wisconsin–based package delivery service company, filed for bankruptcy. The firm had annual revenues of $500 million. What would the firm have to demonstrate for its petition to be accepted by the bankruptcy court?

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